APX and CBL Markets partner for US renewable energy trading

Published byCBL Markets

Tuesday 24 January 2017

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APX, Inc., a leading provider of infrastructure solutions to the environmental and energy markets, and CBL Markets, the leading spot exchange operator for environmental commodity markets, today announce a strategic partnership to launch spot US Renewable Energy Certificate (REC) contracts on the CBL Markets exchange.

“As a pioneer in the REC industry, we are very excited to see REC markets grow in liquidity and transparency”, said Joe Varnas, CEO at APX. “This technology integration is the next step forward for the renewables market, providing a seamless, centralized venue to electronically access RECs.”

This new partnership will make CBL Markets the first trading venue to provide electronically cleared and same-day settled spot US RECs.

This announcement follows a record trading month for CBL Markets in December and a number of recent product launches as well as APX’s registry infrastructure expansion to launch TIGRs.

About APX

For over 15 years, APX has been the trusted infrastructure and services provider to the power and environmental markets. APX’s experience intersects every aspect of the renewable energy and voluntary carbon markets. Our proprietary grid scheduling, settlement and dispatching systems integrated with SCADA and forecasting, provide a full suite for renewable energy generators getting inter-connected. We operate over 13 renewable and carbon registries worldwide. More than 2,000 companies globally rely on APX products and services for integrity in environmental markets with more than 1 billion credits transacted. For more information please visit apx.com.

About CBL Markets

CBL Markets provides market participants with access to the world’s environmental commodity markets. With a vision of bringing efficiency, transparency and liquidity to environmental markets, our new multi-product exchange connects buyers and sellers around the world to facilitate the secure and seamless trading of environmental commodities, including Compliance Carbon, Voluntary Carbon, Renewable Energy and Water. For more information please visit cblmarkets.com or follow us on Twitter (@cblmarkets).